Some interesting figures

[Numero Crunchero]

Staff costs were over $12Billion last year. So lets assume it was around $10B for salaries - just for simplicity. Let's also assume we all gave 2 weeks in SLS (not a bad assumption really as the extra 2 weeks salary sacrifice of a Level D or E employee is equal to probably 5-20 Level A staff's worth of 1 week sacrifice - the ratio of Level D/E to Level A is probably very roughly around 10 times)

So using the above assumptions:

SLS saved around $400m.

Paying back 90% to Level D/E probably saved around $10-15m.

The announced dividend of 10cents will give Swire about $160m and the other majority shareholders(CNAC/Air China/CITIC) about $140m.

Tony Tyler's reported 2008 remuneration was $15m


So in summary.

SLS - saved $400m but around $385-390m paid back.
CX pays out almost $400m in the interim dividend ($160m to Swire etc)
Level D/E (predominantly pilots) have $10-15m of their money un-refunded.
Tony Tyler's 2008 remuneration was $15m of which $6m was bonus related.

So not exactly sure what the purpose of holding the 10% back was!?

[boocs]

Exactly Numero!!

A report from a colleague today that during a CX Fleet forum, when asked why the Captains only received 90% back, the reply was "Captains should lead by example."

Work that one out!!

b.

[ron burgandy]

"So not exactly sure what the purpose of holding the 10% back was!? "


Looks to me like the lawyers on our side in the innumerable number of court cases at the moment are being paid for by our AOA subs.

And the lawyers on the Company's side are being paid for by Cat D staff's SLS. :ugh:

[Ex Cathedra]

"Captains should lead by example."

"OK boys, this here is a tube of K Y, You unscrew the top counter-clockwise like so, then squeeze the bottom of the tube and collect a generous amount in the palm of your hand, then..."

[AeroBoss]

Basically, there is a financial crisis looming-
Every manager known to man knee-jerks and claims we're all going to die-
Our little darlings at CX say we're all going to die so they knee-jerk-
They invent this SLS mayhem thereby creating a "synthetic" crew shortage, in turn triggering an inflated amount of EFP-
Then finally, there was no need to knee-jerk so SLS is paid back (almost) in full but the bottom line is dented by the EFP that was unnecessarily paid to crews (I'm actually very happy for those who profited from that, it's not the point).

The way I understand it, our managers are going to be given big bonuses for loosing the company money.

Hmmmm.

[snoopy99]

For future reference.


The only Captains that truly led by example, were the ones that DID NOT take SLS.

[BusyB]

"Captains should lead by example."

I guess to do that they will have to do 10% less work!!

If thats the example?:confused:

[iflyplanes]

All we should take out of this is that next time we dont help at all.. simple.

[s11max]

For Numero Chruncher (or someone who can answer),

What do HKG-based F/O's who switched to COS08 from COS99 get? Basically, how much coin in weeks approximately? F#ck all, or something decent?

Oh, and said F/Os did not accept SLS.

s11max

[404 Titan]

As my support the next time I do a ULH I will allow the captain 10% more sleeping time. :ooh::p

On a serious note though NC I think it is to divide the pilot community. Only problem that I can see with the companies strategy though is that I think it will have the reverse effect. I may have got all my money back but so should have all staff before a cent was paid to the shareholders.:yuk:

[Oval3Holer]

s11max,
All FOs who clicked CoS08 and no SLS will get 3 weeks extra pay in April

[yokebearer]

ll FOs who clicked CoS08 and no SLS will get 3 weeks extra pay in April

And there you have it gents - the new B vs C scale division. This is just the beginning - be very sure that from now on people on COS 08 will get all kinds of little things people on COS 99 will not get - and soon COS 08 will get payrises that 99 won't get -

Everybody on COS 99 are now the new 'A' scalers - ...

[crwjerk]

Everybody on COS 99 are now the new 'A' scalers - ...

But without the Money, Travel fund, P- fund, Command after 3 years, anything else people would care to add.....?